Intervale Capital LLC (Houston)

Name: Intervale Capital LLC
Address: 1221 Mckinney St., Houston, TX, 77010
Telephone: 281-605-3900

Intervale Capital LLC is a large advisory firm based in Houston. It manages $1.16 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Massachusetts and Texas.

Intervale Capital provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Intervale Capital: assets under management

The assets under management (AUM) of Intervale Capital LLC is $1.16 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 115% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.16 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $145.53 million each.

Intervale Capital has custody of $957.47 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Intervale Capital LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Intervale Capital serves?

The only and largest group of clients of Intervale Capital is pooled investment vehicles with 8 clients and $1.16 billion of assets under management. Among the 8 most similar advisory firms, Intervale Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.16 billion for 8 clients. None of the firm’s clients are foreign persons or businesses.

Intervale Capital also advises several private funds. Namely, eight private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Intervale Capital LLC

The company employs 16 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Reed Cherington	Managing partner	1 Jan 2007	75% - 100%	2370355
Christine Smoragiewicz	Chief financial officer and chief compliance officer	1 Jul 2007	Other	5795969
Erich Allen Horsley	Partner	1 Jun 2011	Other	2520870
Jason Richard Turowsky	Partner	1 Jan 2017	Other	4433472
William P Connelly	Partner	1 Jan 2017	Other	5175733
Llc Argus Energy Managers	Member	1 Mar 2017	Other	81-5159700
Llc Ara Partners Group	Member	1 Mar 2017	75% - 100%	81-5159700

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Charles Reed Cherington	Manager/chairman	1 Dec 2016	50% - 75%	2370355
William Wallace Mcmullen	Manager	1 Dec 2016	25% - 50%	5567132

Based in Houston

The principal office where Intervale Capital LLC performs its advisory services is located at 1221 Mckinney St., Houston, TX 77010, which is also the mailing address of the firm. An additional office of the firm is in Cambridge, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 281-605-3900 or by fax 713-275-3306. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at intervalecapital.com/.